1203 Geddes StSyracuse, NY 13204

Property Details for 1203 Geddes St

Year built

1940

Lot size

0.15 AC

Property size (Sq ft)

2,200 SF

Zone code

10

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

311500 092.-18-21.0

APU

31150009218210

Description

This move-in ready commercial building, located at 1203 S Geddes St in Syracuse, NY, offers 3,800 square feet of versatile space on a 0.15-acre lot. The open layout is adaptable to a wide range of commercial uses, including cafes, retail stores, offices, or creative studios. The property includes two modern bathrooms and a space suitable for a kitchen, adding to its functionality and appeal. A full basement provides substantial storage, ideal for inventory or additional workspace. Recent updates ensure the building is in excellent condition and ready for immediate occupancy. The property's location in a thriving area of Syracuse presents a significant advantage for businesses seeking high visibility and accessibility. This is a rare opportunity to acquire a well-maintained, spacious commercial building in a desirable location at an attractive price point of $200,000. The combination of size, features, and location makes this property an exceptional investment for entrepreneurs and business owners alike. Don't miss this chance to secure your business's future in a vibrant and growing community.

• CAP approach

  CAP return

  Valuation

  6%

  $440,526

  6.5%

  $406,640

  7%

  $377,594

• Comparable approach

  Method

  Valuation

  Relative Method

  $311,531

  Geo Method

  $445,551

• Alternative Use

  Use

  Valuation

  Residential

  $406,640

  Hospitality

  $372,480

  Educational

  $309,899

  Medical

  $320,557

  Retail

  $482,065

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.0356

Longitude

-76.1737

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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